The Price of IndependenceYour family has been providing for you and supporting you

your whole life. Soon you will be independent and supporting yourself…

Surviving your first year in the

“Real World”

HOUSING

Will you share your apartment with a

roommate or do it on your own?

HousingSuburbs

$700-$1,000Cities

$800-$1,200Out State MN

$400-$600Apartmentfinder.com

• Some landlords cover the cost of water, garbage, and heat

• Electric bill

Utilities

1BR: $252 BR: $40

Xcelenergy.com

• Cell Phone ($50-$75)• Text/Pic ($5-$10)• Data Plan ($30)• Internet ($30-$45) • Landline ($25 Basic) * Other charges may include long distance and overages

Communications

$50 - $150Verizon.comQuest.com

Misc Items

$100 - $250• Services• Household• Personal

Food

$200 - $450 jobsnowcoallition.org

• Grocery Shopping • Dining Out• Convenience Foods

Transportation

$100 - $400• Car payment• Public transportation• Parking

• Routine servicing• Repairs• accessories

Car Maintenance

$50 - $100

• Rates can vary depending on…• Where you live• Type of car• Age• Gender• Driving record

Car Insurance

Good $141 / $178Not Good $183 / $217

Gasoline costs will vary based on• What you drive• How far you travel• Where you live

Gasoline

$100 - $250

Cost will depend on:• Work• Everyday• Activities

Clothing

$50 - $400

• What do you like to do for fun?• Music, movies, books, magazines• Memberships, licenses• Vacations

Entertainment

$100 - $250DirectTV.com

Will you receive health insurance through your employer?

Medical ExpensesEmployer Medical - $120Employer Dental - $34

Individual - $125

Experts say you should put away 10% of each paycheck into a

savings account.

Savings

$100 - $200

• They can work for you or against you!

• Credit cards can be useful…– Credit Rating– Emergencies– Internet Purchases/Security– Travel

Credit Cards

If you have credit cards, pay them off

IN FULL every month!

Credit Card Expense $0

Let’s total the damages…

Any Questions?

?

1. Add your monthly expenses2. Multiply your total monthly

expenses by 123. Multiply your yearly

expenses by 1.254. Divide your gross income

by 2,000

Dollars per Hours Formula

• Do you have the skills RIGHT NOW to be paid the hourly wage you calculated?

• Is that the kind of job you want?

The Price of Independencee is not always cheap

Higher Education is KEY!“Today’s Preparation Determines

Tomorrow’s Achievement.”